Former President Donald Trump announced that he has issued directives to the United States Treasury to cease minting new pennies. He cited the increasing costs of production relative to the coin’s monetary value as the primary reason for this decision, sparking debate over the future of America’s smallest denomination of currency.
Tag: US Treasury
Trump Directs Halt to Penny Production Over Rising Costs
Former U.S. President Donald Trump has announced that he has instructed the Treasury Department to cease minting new pennies. Citing the rising costs of production that outweigh the coin’s value, this move marks a significant turn in U.S. currency management.
US Treasury Restricts Elon Musk’s Access to Payment Systems
Elon Musk’s Department of Government Efficiency (DOGE) has been temporarily barred from accessing the United States Treasury’s sensitive payment systems. This decision follows ongoing litigation and concerns over data privacy and economic security, highlighting the delicate dynamics between government operations and private-sector involvement.
China Denies Allegations of Cyberattack on US Treasury
China has officially rejected claims that it was involved in a cyberattack targeting the United States Treasury, calling the allegations unfounded and politically motivated. The Chinese government emphasized its commitment to cybersecurity and urged a cooperative approach to address concerns over cyber threats.
China Rejects Allegations of Cyberattack Against US Treasury
In response to recent claims by US officials regarding a cyberattack on the US Treasury, China has firmly denied any involvement. The Chinese government characterized these accusations as unfounded and politically motivated, emphasizing its commitment to cybersecurity and international cooperation. The dispute underscores ongoing tensions between the two nations in the realm of cybersecurity and digital governance.
Major Cybersecurity Breach: US Treasury Alleges Document Theft by Chinese Hackers
The US Treasury Department has reported a significant cybersecurity breach, attributing the theft of sensitive documents to Chinese hackers. This incident highlights ongoing concerns regarding cybersecurity threats and foreign interference in American institutions. The breach is believed to have affected various governmental and financial systems, raising alarms about the implications for national security and economic stability.